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Sunday, December 30, 2007

TISCO (Tata Steel)- TARGET 1115+

TATA STEEL is worlds sixth largest Steel maker. 100 year old company with consistent track record of paying dividends. With recent acquisitions & aggressive outlook, it is all set to prove its mettle.

The Corus Deal was wrongly analyzed earlier, infact Forbes recent reports suggest Tata Steel's Corus deal as one of the Top Ten deals in the world in 2007.

Steel demand is robust & expected to remain so in coming years. Also Steel sector is in fancy , but many of the steel stocks have been re-rated & look stretched.  However TISCO still shows value & does not look over-stretched either fundamentally or technically.

TISCO deserves a core holding in every long term investor portfolio & also is presenting medium term trading opportunity.